Archive | November, 2026

MIB Daily: AI Starts Selling Stock to Fund Itself as Oracle Raises $20B and Marvell Pays in Paper, While a 7% Oil Plunge on Iran Talk Fails to Cool 76% December Hike Odds and Airlines Rally

Crude plunged 7.44% to $96.37 after Trump said there is “no rush” to resume fighting Iran. Oracle (ORCL) fell 8.76% on a $20 billion stock-and-bond raise, and Marvell (MRVL) sank 12.72% on its $115 billion all-stock Lumentum deal. The Nasdaq 100 fell 1.39%, ending 10.4% below its October 6 close, while the Dow rose 0.41%. ISM manufacturing beat at 55.5 and GDPNow rose to 3.7%, keeping December hike odds at 76%. Anthropic’s IPO filing showed $895 billion of purchase commitments.

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  ANNOUNCEMENT : The next generation WLEI3 had its first out-of-sample update! An auspicious moment for index builders.